Code	Sector	Market
335A	Communications	Growth

Date of listing approval	2025/02/17
Expected Date	2025/03/24
Lead Underwriter	SMBC Nikko Securities Inc.
Description

Listed Shares(total)	2,646,300
Trading Unit	100
New Shares	1,250,000
Existing Shares	1,396,300（incl. O.A.）
Shares Outstanding	PreIPO 9,225,000.00
	PostIPO 10,475,000.00
Paid Up Capital	PreIPO Y112,590,000
	PostIPO Y267,840,000
Expected Pricing Date	2025/03/05
Book Building Start	2025/03/06
Book Building End	2025/03/12
Fix Date	2025/03/13
Offering Starts	2025/03/14
Offering Ends	2025/03/19
Expect Pricing	Y255-Y270
Notional PER (based on previous period)	7.45-7.89
Notional PER(based on results forecast)	21.23-22.48
Offering Price	Y270
Offering Price PER (based on previous period)	21.23-22.48
Offering Price PBR (based on previous period)	4.20
Offering Price PER (based on results forecast)	22.48
Use of Funds Raised

Units:Y1,000

Fiscal Year End:2022/09
	Consolidated	Non-consolidated
Revenue	-	615,835
Current Profit	-	-46,669
Net Profit	-	-59,551
Net Assets	-	48,469

Fiscal Year End:2023/09
	Consolidated	Non-consolidated
Revenue	-	582,966
Current Profit	-	11,006
Net Profit	-	9,601
Net Assets	-	158,170

Fiscal Year End:2024/09
	Consolidated	Non-consolidated
Revenue	-	709,561
Current Profit	-	121,334
Net Profit	-	178,857
Net Assets	-	337,027

Recent Quarter 2024/12
	Consolidated	Non-consolidated
Revenue	-	183,333
Current Profit	-	26,031
Net Profit	-	16,954
Net Assets	-	353,982

Results Forecast 2025/09
	Consolidated	Non-consolidated
Revenue	-	880,000
Current Profit	-	163,000
Net Profit	-	104,000
Net Assets	-	-

Per Share Units:Y1

Fiscal Year End:2022/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	-12.30	9.75

Fiscal Year End:2023/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	1.93	30.03

Fiscal Year End:2024/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	-
Equity	34.23	64.26

Fiscal Year End:Recent Quarter 2024/12
	Consolidated	Non-consolidated
Dividend
Net Earning	-	3.24
Equity	-	-

Fiscal Year End:Results Forecast 2025/09
	Consolidated	Non-consolidated
Dividend	0.00
Net Earning	-	12.01
Equity	-	-

■Over allotment(345,100)

Name	Address

Allocation	Underwriter	Tel
0%	Nomura	03-3211-1811
93%	SMBC Nikko Securities Inc.	03-5644-3111
1%	Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.	03-6213-8500
1%	Mizuho Securities Co., Ltd	03-5208-3210
1%	SBI SECURITIES Co.,Ltd.	03-5562-7210
1%	IwaiCosmo Securities Co.,Ltd.	06-6229-2890
1%	OKASAN SECURITIES GROUP INC	03-3272-2211
1%	Rakuten Securities Holdings, Inc.	03-6406-2681
0.5%	Monex, Inc	03-4323-3800
0.5%	Matsui Securities Co., Ltd	03-5216-0606